Back to top
Unique Zacks Analysis of Your Chosen Ticker
Pick one free report - opportunity may be withdrawn at any time
ABM Industries Incorporated (ABM) - $25 value - yours FREE >>
We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
ABM Industries Incorporated (ABM) - $25 value - yours FREE >>
Image: Bigstock
Jacobs Entrusted with Parachute Development Task by NASA
Jacobs Engineering Group Inc. has received a $40.3 million task from National Aeronautics and Space Administration’s ("NASA") Johnson Space Center. The new task is part of Jacobs’ JSC Engineering and Technical Services (JETS) contract and is an extension of the existing parachute test/development work being conducted by the company for the Orion Program since 2006.
Jacobs has now been entrusted with executing manned flight prerequisite testing on Orion space capsule’s parachute system. The capsule is being designed to support human deep space exploration. Additionally, Jacobs would produce, deliver and install flight parachutes for the first Orion Exploration Mission (EM-1). The mission involves circumnavigation of the moon and thereafter returning to earth.
The new task has significantly strengthened Jacobs’ status as a premium aerospace technology provider. Since 20017, the company has accomplished 38 full-scale parachute system tests for NASA. In 2014, Jacobs had delivered parachutes for Engineering Flight Test 1 (EFT-1), which were used when Orion reached in a high orbit almost 3,600 miles above earth. Recently, Jacobs successfully completed the seventeenth and concluding engineering development test of the Orion parachute system in Arizona in the U.S Army’s Yuma Proving Grounds.
Share Price and Zacks Rank
Share price of the company stood at $53.09 per share as of Jul 12, 2016. We expect the aforesaid news to result in stock price movement in the near term.
JACOBS ENGIN GR Price
JACOBS ENGIN GR Price | JACOBS ENGIN GR Quote
Jacobs currently carries a Zacks Rank #3 (Hold). The company remains on track to boost its financials via new contracts, improved backlogs, greater operational efficiency and increased innovations.
However, headwinds like strong U.S. dollar, intense industry competition and dismal pricing environment in the global mining and energy market raise concerns.
Stocks to Consider
Some better-ranked stocks in the industry include Willdan Group, Inc. (WLDN - Free Report) , ABM Industries Incorporated (ABM - Free Report) and Accretive Health, Inc. . All the three companies currently hold a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>